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Ofwat has signed an agreement with the Competition and Markets Authority (CMA), setting out the details of how the two organisations will work together within the framework of competition law.
Under the Memorandum of Understanding (MOU), the CMA and Ofwat will meet and communicate to discuss matters of mutual interest, both through the UK Competition Network and bilaterally.
The main purpose of the MOU is to “establish an understanding” between the CMA and Ofwat as to how this closer working will operate in practice.
It also sets out the organisations’ bilateral commitment to work together to promote competition for the benefit of consumers.
“The CMA and Ofwat recognise the importance of meeting regularly to share information on matters relevant to competition in the water and sewerage sectors in England and Wales, and to keep each other abreast of relevant work which they are considering or currently undertaking,” the organisations said in a document.
The MOU also lays out arrangements for the pooling and secondment of staff, saying that the two organisations will “endeavour to meet each other’s requests for secondments”.
Ofwat said it will cooperate with the CMA in the preparation of its annual concurrency report by providing information and data on general market conditions in the water and sewerage sectors.
Nothing in the MOU will affect the functions of the CMA in its separate role of considering appeals against, or references related to, proposed action by Ofwat under the sectoral statutes.
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